Economy

New Zealand may introduce land tax on offshore owners of homes in country

New Zealand may introduce land tax on offshore owners of homes in countryThe Prime Minister of New Zealand, John Key has said that the government is planning to introduce a land tax on offshore owners of homes in the country.

Core Inflation Rate is Expected to be Lower in the First Quarter as Reserve Bank of Australia Publishes Data on Wednesday

Core Inflation Rate is Expected to be Lower in the First Quarter as Reserve Bank

In the first three months of the year the core inflation in Australia have probably eased further but most economists say that it will not be sufficient to power a cut in the cash rate.

New Zealand dollar rose above 70 US cents

New Zealand dollar rose above 70 US cents

According to the latest data released, the New Zealand dollar rose above 70 US cents for the first time in around ten months amid speculation that the Federal Reserve might not raise interest rates and the Reserve Bank will not reduce its benchmark rate.

Inflation Rate Low in the March Quarter Mainly Due to Low Petrol Prices

Inflation Rate Low in the March Quarter Mainly Due to Low Petrol Prices

Inflation increased a little in the quarter that ended in March as cheaper fuel prices were balanced with higher cigarette prices.

In the first quarter of the year, the Consumers Price Index increased 0.2 percent overturning the decline of the earlier quarter's 0.5 percent.

Wellington records increase in cruise passengers

Wellington records increase in cruise passengers

The total number of tourists visiting Wellington through cruise ships has recorded an increase of 15 per cent giving a boost to the local economy.

G-20 nations to act tough on tax heavens

G-20 nations to act tough on tax heavens

The representatives of the Group of 20 largest economies in the world have indicated that they will take strict actions against nations that act as tax heavens and fail to comply with the standards of the global financial system.

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